Guideline Value for KAMALA NAGAR

Kamala Nagar guideline value

The current guideline value of Kamala Nagar is Rs 900 per sq.ft, effective from 1 July 2024. It is located in Ponneri village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Kamala Nagar has changed

The guideline value for Kamala Nagar has undergone significant changes over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which increased to Rs 900 per sq.ft in the 2024 revision, marking a change of +200%.

Prior to the 2023 revision, there were no available figures for the specified years. The jump from Rs 300 to Rs 900 indicates a substantial increase in the guideline value for this street.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO carrying a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, placing Kamala Nagar's 2024 figure above this median.

• Kambar Street: Rs 700 per sq.ft (2024)
• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Karhtick Nagar: Rs 700 per sq.ft (2024)
• Jayam Vip City Phase II: Rs 900 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Hariharan Bazar Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamala Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamala Nagar?

The Sub Registrar Office covering Kamala Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri

The guideline value plays a crucial role during the registration of property transactions in Ponneri. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased.

When you register a property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction adheres to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamala Nagar?

The current guideline value of Kamala Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, representing a change of +200%.

What is the land classification of Kamala Nagar?

Kamala Nagar is classified as Residential Class I Type - I under the Ponneri SRO.

What are the stamp duty and registration fees for a property in Kamala Nagar?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Where can I find the Sub Registrar Office for Kamala Nagar?

The Sub Registrar Office for Kamala Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.